FHA Lowers Annual MIP by 25 Basis Points

From The Truth About Mortgage.com
January 9, 2017 - 12:51pm

Well, here’s some good news to offset those higher mortgage rates. The Department of Housing and Urban Development (HUD) wasted no time in announcing another FHA insurance premium cut for 2017. This morning, departing HUD Secretary Julián Castro said the Federal Housing Administration (FHA) would cut annual premiums most borrowers pay by a quarter of [&hellip



Continue reading this article »